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Escape
From America Magazine
Volume
One - Issue Number Six
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 Living
In Italy - Living
In Italy - For those Americans wanting to live in the land of Dante,
home of Michelangelo, the birthplace of Columbus, there is good news:
unless you want to buy property in the center of a major town, Italy can
be a bargain. All it takes is patience and flexibility in choosing
a residence.
The
Offshore Internet Freezone - Offshore
Merchant Accounts - Besides
the obvious tax benefits for offshore companies, internet income producing
companies have been taking a serious look into the benefits of an offshore
internet freezone. In a nut shell, companies incorporate as an offshore
entity and therefore have no tax or accounting responsibilities to any
country as long as their income is not produced in the country of incorporation.
As long as their revenues are from the internet, there are no jurisdictions
or even reporting requirements.
Life
on the Run: Part One - Life
on the Run: Part One - Becoming a fugitive is a romantic concept
that is at once full of terror, excitement and opportunity. There
are many reasons people become fugitives. Some involve criminal matters,
some involve personal or civil matters, but in either case, stuff one no
longer wishes to deal with. Sometimes it involves liberty and sometimes
it involves convenience. Sometimes the people are inherently bad
people and sometimes they are good people who have either screwed up and
wish to start over or innocent people who are tired being persecuted and
wish to be left alone. By AJC delle Marche.
Living
In Mexico - Living
In Mexico -
I remember my first trip to Mexico fondly. I was in Puerto Vallarta for
the new years week of 1993/94. Although Puerto Vallarta is a very popular
tourist destination it still hasn't lost the feel of a truly Mexican city.
The cobble stone streets and the architecture are reminders of its simple
fishing village roots. As a man in my twenties at the time I felt right
at home with the "Party until 3AM" atmosphere of the downtown bar scene.
The older people at my hotel were quite content to spend the day sight
seeing and shopping. The city had something to offer everyone.
Hemingway’s
Hideaway - Retiring
In Panama - We
all hypothesize what a retirement paradise should be. Realistically of
course what we fancy and what we can afford is rather discouraging. Do
not feel alone. A few years ago, It all of a sudden dawned on me that I
was rapidly approaching my golden years with no firm strategy. I needed
to find some place where I could survive and still preserve my quality
of life let alone considering any fantasy. Due to the blissful lack
of concern in my earlier years, I was not financially prepared for this
traumatic event. Duh! not me. Now it was time to pay the pauper.
Expat
Tax - U.S.
Taxation of American's Living Abroad - If
you live abroad for a full calendar year, or live there for 330 days
out of any consecutive 12 month period, you can exclude up to $74,000 of
earned income from U.S. Income Taxation for 1999. If you are married,
and both of you earn income and reside outside of the USA, you can
also exclude up to another $74,000 of your spouses income from taxation.
Tour
Management - The
Ideal Expatriate Job - Get
paid to travel the world. Sounds like one of those rip-off advertisements,
doesn’t it? But we aren’t selling anything and the statement is true. Yes,
tour managers are persons in the enviable position of getting paid to travel
literally all over the world. Although few tour managers get international
assignments their first year in the field, some do.
Trapped
in America - Jurisdictional Prison - A
Virtual Berlin Wall for a Virtual Age -
Congress began its gambit in 1996 by imposing a ten-year tax on expatriated
Americans. Get this, they claimed that even if you renounced your citizenship
and were no longer a citizen, they would still tax you for another ten
years regardless of your citizenship or your residency. What a concept!
Not even the Russian slave masters of the former Soviet Union were that
creative. What a work of brilliance! It amounts to saying, "Even
if you escape our prison, we still own you. You are to report in and give
us all your belongings."
International
Health Care and Medical Insurance for Expatriates - International
Health Care and Medical Insurance for Expatriates - Many
expatriates are not aware when they go Overseas for the first time, that
National Health policies, country to country, can be quite different to
Healthcare Services back home. They often exclude foreigners and
those not normally resident in that country, (i.e. not paying local taxes).
In addition, today's expatriates can frequently be hired on contract
for employment abroad, thus losing out on any employment rights or
benefits from their home country; these are compensated for by higher salaries/consulting
fees from their international employers. Therefore, tax efficient
investment/pension plans are of concern to any expatriate, as are
healthcare insurance plans. These can be medical insurance, income
protection insurance, term life cover, or critical illness insurance
plans. |
